Additional resources

05.02.2016 - Technical view

Currencies
trading and euro. The price of EUR/USD continued growth after overcoming the
resistance levels at 1.0985 and 1.1050. As a result, the price reached the
resistance level at 1.1200. In case of continued growth, quotations may reach
the mark 1.1400. At the moment, the price has stabilized around 1.1200. After
strong growth there is a possibility of correction with the downside potential
at 1.1080. Our medium-term outlook remains negative, but we do not exclude the
continuation of growth in the near future.

Currencies
trading and British pound. The price of GBP/USD reached the level of 1.4640,
and after an unsuccessful attempt to overcome it, resumed the downward
movement. As a result, quotations may reach the support level at 1.4500 in the
near future and to continue the fall to 1.4365. The growth in the near future
is limited by the resistance levels at 1.4640 and 1.4800. We are waiting for
the signal for the re-opening of short positions and maintain the medium-term
negative outlook.

Currencies
trading and Japanese yen. The price of USD/JPY within the fall reached the
level of 117.00 and broke through it. Further reduction of prices is possible
to the level of 116.00. After a strong decline, we expect a significant
correction of prices with growth potential to 118,80 and 120,20. Our
medium-term outlook remains positive and we expect prices to rebound in the
near future.

Currencies
trading and Australian dollar. The price of AUD/USD has shown strong growth and
reached the level of 0.7180 above which is trying to gain a foothold. In case
of success, quotations will continue to rise to 0.7350. Within the correction
the price may be reduced to 0.7050 and the lower boundary of the local rising
channel. Our medium-term outlook remains negative and we are waiting for the
signal to sell.

Nearest
resistance levels: 0.7180, 0.7350, 0.7400, 0.7500

Nearest
support levels: 0.7050, 0.6840, 0.6800, 0.6750, 0.6600

Currencies
trading and New Zealand dollar. The price of NZD/USD corrected downwards after
a strong growth in the previous days. At the moment, quotations are around the
level of 0.6700, and may continue to rise to 0.6800 and 0.6900 in the near
future. More likely is the continuation of the price correction in the near
future with the first target at 0.6600. Our medium-term outlook remains
negative.

PAMM accounts

Market Info

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RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange (‘Forex’), Contracts for Difference (‘CFDs’), Indices, Options, or other financial derivatives, on ‘margin’ carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade any of these markets you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full ‘Risk Disclosure’ and ‘Risk Disclosures for Financial Instruments & Investment Services’

LEGAL: ‘fxfinpro.com’ is a domain owned and operated by ‘PFX Financial Professionals Limited’, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840, having its principal place of business at 82 Nikou and Despina Pattichi Avenue, Maritania Court, Office 101, Kato Polemedia, 3070 Limassol, Cyprus. ‘PFX Financial Professionals Limited’ is regulated as a Cyprus Investment Firm (‘CIF’) by the Cyprus Securities and Exchange Commission (‘CySEC’) under license number 193/13. ‘PFX Financial Professionals Limited’ operates in accordance with the Markets in Financial Instruments Directive (‘MiFID’) of the European UnionRESTRICTED REGIONS: PFX Financial Professionals Limited does not provide services to citizens of the USA, Canada, Japan, Belgium, North Korea, or Iran

RISK WARNING: Trading of complex financial products, such as Stocks, Futures, Foreign Exchange ("Forex"), Contracts for Difference ("CFDs"), Indices, Options, or other financial derivatives, on "margin" carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could sustain a loss of some or all of your initial investment and, therefore, you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with trading these markets, and seek advice from an independent financial advisor if you have any questions or doubts. Please carefully read our full "Risk Disclosure" and "Risk Disclosures for Financial Instruments & Investment Services". FXFINPRO Capital is the trading name of PFX Financial Professionals Limited, a limited liability company formed under the laws of Cyprus, registered with the Registrar of Companies in Nicosia, Cyprus, under nr. HE 237840 and regulated by the Cyprus Securities and Exchange Commission with license number 193/13.